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Rothy’s raises $7 million to develop shoe fiber technology

Rothy’s, a San Francisco-based sustainable shoe brand, has raised $7 million in Series A funding. The investment round was led by Lightspeed Venture Partners, with participation from Grace Beauty Capital, M13 and Finn Capital Partners. Roth Martin and Stephen Hawthornthwaite launched the direct-to-consumer brand in 2015 at the rise of the athleisure trend. They were focused on creating a sustainable shoe, …

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M.Gemi raises $16 million to push data-backed supply chain

M.Gemi, a Boston-based direct-to-consumer shoe brand, has raised $16 million in Series C funding. The company has raised a total of $47.2 million to date. BurdaPrincipal Investments, the growth capital arm of German media company Hubert Burda Media, led the funding. The company’s previous investors Accel, General Catalyst Partners and Forerunner Ventures also contributed to the investment. “M.Gemi is truly …

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StockX raises $6 million to expand its stock market for sneakers

StockX, an online sneaker marketplace based in Detroit, Michigan, has raised $6 million in Series A funding. The investment came from Detroit Venture Partners and SV Angel. High- profile angels including Olubowale Victor Akintimehin aka rapper Wale, actor Mark Wahlberg, agent Scooter Braun, NFL cornerback Joe Haden and investors Ted Leonsis, Ron Conway, Steve Case and AOL’s CEO Tim Armstrong, also …

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Goat raises $25 million to expand mobile sneaker marketplace

Goat, a mobile sneaker marketplace based in Los Angeles, California, has raised $25 million in venture funding. The company has raised $37.6 million to date. The investment came from Accel Partners, and as part of the funding Ryan Sweeney, partner at Accel will join Goat’s board. Fun fact — Sweeney is quite the sneakerhead himself, with a collection of over 400 sneakers. …

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